AGNC Investment (NASDAQ:AGNC) Trading Down 1.2% – Here’s Why

AGNC Investment Corp. (NASDAQ:AGNC) traded down 1.2% on Monday . The company traded as low as $8.50 and last traded at $8.87. 19,285,694 shares changed hands during trading, an increase of 12% from the average session volume of 17,220,499 shares. The stock had previously closed at $8.98.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on AGNC. Royal Bank of Canada reaffirmed an “outperform” rating and set a $11.00 price objective on shares of AGNC Investment in a research report on Thursday, January 30th. JMP Securities restated a “market perform” rating on shares of AGNC Investment in a report on Thursday, January 23rd. Wells Fargo & Company reduced their price objective on shares of AGNC Investment from $12.00 to $11.00 and set an “overweight” rating for the company in a research note on Thursday, January 30th. Keefe, Bruyette & Woods lowered their target price on shares of AGNC Investment from $10.75 to $10.25 and set an “outperform” rating for the company in a research note on Wednesday, January 29th. Finally, JPMorgan Chase & Co. decreased their price objective on AGNC Investment from $10.00 to $9.50 and set an “overweight” rating for the company in a report on Monday, December 9th. Four research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $10.50.

AGNC Investment Trading Down 3.6 %

The stock has a 50-day simple moving average of $10.09 and a 200 day simple moving average of $9.86. The company has a current ratio of 0.23, a quick ratio of 0.23 and a debt-to-equity ratio of 0.01. The company has a market cap of $7.93 billion, a price-to-earnings ratio of 8.93 and a beta of 1.32.

AGNC Investment (NASDAQ:AGNC) last issued its earnings results on Monday, January 27th. The real estate investment trust reported $0.37 EPS for the quarter, missing analysts’ consensus estimates of $0.42 by ($0.05). AGNC Investment had a net margin of 29.26% and a return on equity of 21.92%. As a group, equities research analysts predict that AGNC Investment Corp. will post 1.61 EPS for the current fiscal year.

AGNC Investment Dividend Announcement

The business also recently disclosed a mar 25 dividend, which will be paid on Wednesday, April 9th. Stockholders of record on Monday, March 31st will be issued a $0.12 dividend. The ex-dividend date is Monday, March 31st. This represents a dividend yield of 14.1%. AGNC Investment’s dividend payout ratio (DPR) is presently 148.45%.

Insider Transactions at AGNC Investment

In other news, Director Frances Spark sold 5,000 shares of the firm’s stock in a transaction dated Wednesday, February 5th. The stock was sold at an average price of $10.10, for a total transaction of $50,500.00. Following the sale, the director now directly owns 75,919 shares in the company, valued at $766,781.90. This trade represents a 6.18 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Bernice Bell sold 13,000 shares of the stock in a transaction that occurred on Thursday, January 30th. The stock was sold at an average price of $10.04, for a total value of $130,520.00. Following the transaction, the chief financial officer now owns 372,226 shares in the company, valued at $3,737,149.04. This represents a 3.37 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 0.42% of the company’s stock.

Hedge Funds Weigh In On AGNC Investment

Hedge funds have recently made changes to their positions in the company. Fourth Dimension Wealth LLC acquired a new position in AGNC Investment in the fourth quarter valued at approximately $26,000. Financial Life Planners purchased a new stake in AGNC Investment in the fourth quarter valued at $28,000. Point72 Asset Management L.P. acquired a new position in shares of AGNC Investment in the 3rd quarter valued at $32,000. National Bank of Canada FI grew its holdings in shares of AGNC Investment by 112.7% during the 4th quarter. National Bank of Canada FI now owns 3,458 shares of the real estate investment trust’s stock worth $32,000 after purchasing an additional 1,832 shares during the period. Finally, Spire Wealth Management grew its holdings in shares of AGNC Investment by 94.5% during the 4th quarter. Spire Wealth Management now owns 4,059 shares of the real estate investment trust’s stock worth $37,000 after purchasing an additional 1,972 shares during the period. Institutional investors and hedge funds own 38.28% of the company’s stock.

About AGNC Investment

AGNC Investment Corp., formerly American Capital Agency Corp., is a real estate investment trust. The Company invests in agency residential mortgage-backed securities on a leveraged basis. Its investments consist of residential mortgage pass-through securities and collateralized mortgage obligations (CMOs) for which the principal and interest payments are guaranteed by a government-sponsored enterprise, such as the Federal National Mortgage Association (Fannie Mae) and the Federal Home Loan Mortgage Corporation (Freddie Mac), or by the United States Government agency, such as the Government National Mortgage Association (Ginnie Mae) (collectively, GSEs).